Search form

Search form

BBVA Compass plans to open a second location in New York and its first in Washington, D.C., in the fall, with each focusing on commercial banking, wealth management and international business clients. The locations are the latest in BBVA's efforts to grow beyond its Sunbelt home.

Citi is launching a Facebook application that provides users with personal recommendations on concerts, along with a music trivia game, and in return requests access to the users' profile information and information on friends. Called the Citi Private Pass Match-Up App, the application is another example of financial services using social media in combination with banking activities.

Regulators are set this week to take up two matters aimed at averting a repeat of the 2008 financial meltdown. First, the Financial Stability Oversight Council will look at designating a number of nonbank financial institutions as systemically important. Then, securities regulators will debate rules for money market funds designed to prevent runs on the funds.

The Consumer Financial Protection Bureau seems to be relying on "stereotypical assumptions" that car dealers are discriminating against minorities and those with poor credit, this editorial states. Lawmakers are right to demand that the agency show its methodology and details of its investigation.

Malware targeting mobile device browsers and other smartphone scams are increasing, experts say. The problem grows worse as many banks have not yet developed secure mobile applications or rely on third parties that are not secure, they say.